According to ExecutiveBiz, TASC President and CEO Wood Parker shared his thoughts on his firm and what sets it apart: “Every business is different, but in the grand scheme of things, the government concerns about real or perceived organizational conflicts of interest refer to the conflict, or potential conflict, between a company providing advisory services to the government–in terms of new programs, an acquisition initiative, and future competitions that the government will hold providing advisory services—and those platform companies or the development companies who want to bid on those opportunities. So, from the government perspective, it does not want a company performing the advisory services work and, at the same time, being interested in bidding on the actual building or production or development work. Every company is different, but with respect to TASC and Northrop Grumman, we did so much of the advisory services work, and Northrop Grumman is involved in ship building, building airplanes, spacecraft, etc. The potential for perceived conflicts of interest just about covered our entire business, which made the divesture a no- brainer from both the Northrop Grumman and TASC perspectives.”
F5 Networks (Nasdaq: FFIV) has agreed to acquire Santa Clara, Calif.-based Shape Security for approximately $1B in cash as both companies aim to help government and enterprise customers secure digital experience with integrated offerings.
The Department of Health and Human Services has awarded Paratek Pharmaceuticals a potential a five-year, $169M contract to further develop an antibiotic drug as a potential treatment for inhalation anthrax.